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Jag, fair point but Shakey can be very negative for anyone reading this BB, so I offered the opposite view, not necessarily over optomistic but realistic. PW has to deliver which he always has, even before SDX. SP is **** but been here with other company’s who ultimately came good.
Shakey's online: reach for the Valium!
Oil is not going to below about $55, but will probably be held around $60. Neither is the US $ going to drop much if at all.
SDX promised 8000 bpdoe by year end and has not delivered. The SP is reflecting that. No news is immanent, AIM stock usually thrive on news but not always SDX. PI's are selling their stock before the festive period, it happens every year not just for SDX.
SDX is a medium term play so we just need to be patient.
If you are a trader SDX is probably not for you, but I suspect you are not.Medium to long term view is the only way is up. Strong cash flow, no debt, cash in the bank, exploration programme next year, excellent BOD. If anyone knows of a similar company please let me know.
The 7" liner is only a contingency "if required". This can be in case the 9 5/8" does not get to the planned depth so the liner can be run to achieve the required strength before drilling the reservoir. If the 9 5/8" has been set on depth then it probably is not required. If they plan to keep the well as a producer then it will be run to seal off the formation.
Okay, Enquest developed Kraken on Exploration success, unheard off but owned by Arabs enough said. Premier nearly ran out of money reasonable management , Repols a disaster: cutting concerns, took over dead assets that need to be decommissioned, Apache: out and out cowboys, BP and Shell blue chip. Very conservative and slow.to do anything. Full of either Dutch ******** or private school buffoons. Any other reviews you would like?
Thanks for the replies. I think the SP may slide a little yet. Good production for sure and on land which is good for OPEX. I said I would invest at 13p so this is SP is very cheap. Patience as always on AIM.
Who published this? Very unusual for an appraisal well to drill a production style horizontal well, but not to be dismissed. Not too difficult to drill a vertical well then sidetrack to horizontal to appraise the well.
S penis, I have heard this **** many times over years. It is cyclical. Energy price goes up, recession comes in. This is my livelihood: Oil Price will rise for sure, I will guess $100 a barrel! But who knows it is all a guess!
Been watching this company for a few year, Motley Fool initially recommended but not indulged yet. Also looking at Sound but big risk / big reward. Big in SDX.. Can someone tell me why to invest coz a lot of negativity lately?